Nan Fung Group Surpasses 2025 Target Early as “Net Positive Lease” Participation Hits 100+ Tenants

Nan Fung Group (the “Group”) has achieved a significant milestone with its pioneering tenant-landlord engagement programme, the Net Positive Lease (“NPL”), which has surpassed its 50% target participation rate well ahead of schedule. 

As of March 2025, over 100 office, retail, and F&B tenants have joined the programme’s growing community of sustainability champions. Participation now covers 45% of occupied lettable floor area across the Group’s major commercial portfolio in Hong Kong and 67% globally, outperforming original projections. 

Spanning the entire tenancy cycle, the NPL unlocks tenant-landlord synergies by providing a comprehensive suite of resources, including sustainable fitout and procurement guidelines, as well as opportunities to participate in social initiatives addressing community needs. The programme also empowers tenants to track and enhance their sustainability performance through a realtime, cloudbased platform.  

Over the past year, NPL tenants have achieved encouraging results. Key highlights and figures* include: 

• HKD 13.2 million in social value generated or captured through tenant-led initiatives  

• 6% reduction in Energy Use Intensity – equivalent to approximately 631,000 kWh saved 

• 26% waste diversion rate, keeping waste out of landfills through recycling and reduction programmes 

To celebrate this collective progress, the Group recently hosted Positive Pulse Connect at AIRSIDE—an inaugural event bringing together over 220 tenant representatives and partners from multiple sectors to exchange ideas, share insights, and celebrate the shared achievements made possible by NPL. The event featured a panel dialogue where tenants shared practical applications and best practices, fostering even deeper collaboration across Nan Fung’s tenant community. 

Building on this momentum, Nan Fung Group remains committed to scaling the NPL as a catalyst for innovation, creating lasting value for its tenants and the wider community. 

*Calculations based on figures from NPL tenants who reported energy and waste data for both the 2023/24 and 2024/25 cycles